Seagen Inc reports results for the quarter ended in September - Earnings Summary

Seagen

01/11/2023 21:02

* Seagen Inc  SGEN.OQ  reported a quarterly adjusted loss of
$1.15​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$-1.03.  The mean expectation of sixteen analysts for the
quarter was for a loss of 79 cents per share. Wall Street
expected results to range from $-1.15 to -41 cents per share.
    * Revenue rose 27.1% to $648.65 million from a year ago;
analysts
expected $635.08 million. 
    * Seagen Inc's reported EPS for the quarter was a loss of
$1.15​.
    * The company reported a quarterly loss of $215.79 million.
    * Seagen Inc shares had risen by 0.3% this quarter and
gained 65.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Seagen Inc
is
$229.00 

This summary was machine generated from LSEG data November 1 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.79          -1.15          Missed
 Jun. 30 2023      -0.81          -1.13          Missed
 Mar. 31 2023      -0.82          -0.93          Missed
 Dec. 31 2022      -1.04          -0.80          Beat